Owner's Equity Is $150,000 and Total Liabilities Are $90,000

question 107

Multiple Choice

Owner's equity is $150,000 and total liabilities are $90,000.Total assets would be:

• A) $300,000.
• B) $180,000.
• C) $60,000.
• D) $240,000.

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Definitions:

Industrialized Nations

Countries that have highly developed industries and infrastructure, often characterized by a high standard of living.

Probable Stage

A phase or condition where something is likely to occur or is expected based on current evidence or trends.

Education and Income

The correlation between the level of education attained by individuals and their potential to earn higher incomes.

Maintenance Stage

A phase in the change process where individuals consolidate the gains achieved and prevent relapse.